Effective - 28 Aug 1959
176.035. Priority of liens of successive series of bonds, how fixed. — If more than one series of bonds shall be issued under sections 176.010 to 176.080 payable from the net income and revenues of any project or projects, priority of lien thereof on such net income and revenues shall depend on the provisions of the proceedings authorizing the issuance of such bonds, it being within the discretion of the governing body, at the time it authorizes any such series, to provide that subsequent series of bonds payable from such net income and revenues may not be issued, that subsequent series of bonds shall be subordinate as to lien, or that subsequent series of bonds shall enjoy parity of lien if such conditions and restrictions as may be specified in such proceedings can be met.
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(L. 1959 H.B. 367)
Structure Missouri Revised Statutes
Title XI - Education and Libraries
Section 176.010 - Definitions.
Section 176.030 - Power to issue and sell revenue bonds.
Section 176.035 - Priority of liens of successive series of bonds, how fixed.
Section 176.040 - Bonds not to be considered an indebtedness.
Section 176.050 - May issue serial bonds or term bonds — rate of interest — sale of bonds.
Section 176.060 - Refunding of bonds.
Section 176.070 - Governing body to provide details — rights of bondholders.
Section 176.080 - Bonds to be issued pursuant to resolution.
Section 176.085 - Health and educational facilities, payment of bonds.
Section 176.500 - Risk management associations, who may form.
Section 176.505 - Articles of association or declaration of trust, contents, file with director.
Section 176.510 - Types of risks that may be shared — association may reinsure risk.
Section 176.515 - Workers' compensation liability, may be covered, separate account.
Section 176.520 - Associations exempt from provisions of insurance law.
Section 176.525 - Associations may make bylaws.
Section 176.530 - Annual audit report, file with director.
Section 176.540 - Service of process on association, nonmembers, how.